SDL 0.00% 0.6¢ sundance resources limited

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  1. 3,136 Posts.
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    I'm sure you've already checked into this but payment is due by 5pm on the 24th April and you can BPAY it. You should have received your offer in the mail last week.

    If the price stays where it is at the moment then there is very good chance it will be over subscribed - where by applications exceed 30% of the number of ordinary shares already on issue.

    What I'm not sure about is then how they decide to allot the shares if it is over subscribed.

    Is it a first paid, first served method? Or do they just put all the requests in the bucket regardless of when the holder pays and every gets less shares by the same proportion?

    Thanks,

    Tim B.
 
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Currently unlisted public company.

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